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Posts Tagged Nikken

Tax the Wealthy

Sep 17

Posted by Wayne Woodworth in Network Marketing | 2 Comments

I received an automated survey phone call to my cellphone a few days ago from a local Congressman seeking opinions on the issues they are attempting to address in Washington DC. The two main topics asked about were health care and taxation. I don’t think the government knows the first thing about real health care and I cover that issue on my wellness blog. Here I want to talk about the taxation thing. Specifically, the question was if they should increase taxes on the wealthy.

Poor and middle class people are usually in favor of increasing taxes on the wealthy because it suggests that their taxes won’t be increased. It is a given that the Federal government will have to get more revenue from somewhere if they are going to reduce the huge deficit they are creating.

You realize that the deficit isn’t the entire debt, it is just the amount of debt that they are adding this year.

I want to look at this from the point of view of a wealthy business owner, because I intend to be one soon. I think the government’s definition of wealthy is income greater than $200,000 or so. The bottom line is that wealthy people aren’t overly concerned with their taxes increasing. Taxing the wealthy is really just PR to get buy-in from the masses.

If you are a wealthy business owner most of your expenses are covered by your business. Your car and most of it’s expenses are covered by the business. Most of your travel expenses are covered because you find some way to make it business related. If you eat out, you invite a customer or partner and make it a business meeting. The only personal expenses that you should have are your mortgage, groceries, some clothing, and not much more. Businesses pay for expenses before they pay for taxes, so expenses are effectively tax deductible.

Since you have very few personal expenses, there isn’t much use is paying yourself a large income. If your personal taxes go up, you adjust your income so that you can maintain your level of available cash.

The business deals with it’s taxes differently too. Taxes are dealt with like any other expense. They are forecasted. If taxes are going to go up, then the business figures out how to minimize the expense and then make sure that there is enough income to cover it.

That’s a whole lot better than being on a W2, isn’t it? If you have a job and your taxes increase, you can’t easily go make more money to cover it.

How would you like to own a business of your own so that you can take advantage of the tax laws and legally make some of your expenses tax deductible?  You could start a business today in network marketing if you wanted to. Take a look at my website to see some of the benefits of starting a business in network marketing with Nikken. You can go straight to my Nikken site to see the specifics of Nikken and start your business. Also feel free to leave a comment or contact me.

Wayne Woodworth
Soon to be wealthy network marketer

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Tired of the Pre-Launch Nonsense

Sep 1

Posted by Wayne Woodworth in Network Marketing | No Comments

Have you seen all this stuff in your email and on Twitter about all of the new MLM companies in pre-launch? The Trump Network, Evolv, and YOUnique Wealth are three of them that I know a little bit about. Pre-launch means that these companies haven’t officially launched yet, so they are untried business opportunities with untried products.

This all makes me so glad that I’m with a time-tested company like Nikken that has been around for 35 years. When I started my business 3 years ago I knew that I was promoting a product with an established track record of helping people get real benefits.

Most of the new business opportunities that I have heard about in the past 6 months or so are selling new nutritional products, and they all say that they are going to revolutionize wellness. The reality is that some of them will stick and others won’t. The biggest challenge that these companies will face is that there are so many other nutrition-based network marketing companies already here, and more entering the game all the time. Nikken has an organic, wholefood-based nutritional line that I think is excellent. I don’t put a lot of effort in marketing it though because the nutrition market is so flooded with other products, and it isn’t what makes Nikken stand out anyway.

If you are looking to start a new business, you will have more success with a company with something unique, something that stands out from the crowd. Don’t get me wrong, I like nutritional supplements and I think they are absolutely critical, especially with all of the noise going on about the various flu strains running about. No matter what they say about it being new and revolutionary, a new nutritional drink is still a nutritional drink.

If you want a business that has withstood the test of time and does stand out from the crowd, take a look at Nikken. There isn’t another company like them.

Wayne Woodworth

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Is Network Marketing a Viable Business?

Aug 27

Posted by Wayne Woodworth in Network Marketing | No Comments

Is network marketing a viable business to build and live off of?  Of course it is and many people do.

I have made it very clear to my friends and family that I will quit my full-time corporate job at the end of October to go full-time with my network marketing business with Nikken. It turns out that they didn’t believe me and now that it gets closer they are starting to question me on it.

My father attacked my plans pretty aggressively calling network marketing a pyramid. I was surprised by this coming from him since I have been talking about my plans for a few months already. So, I had to answer the pyramid question again. First of all, Nikken doesn’t qualify legally as a pyramid because I don’t make a penny to recruit people. I only make money when product is sold. As far as the actual structure is concerned, a corporation like he works for and I currently work for is more of a pyramid than network marketing.  In the corporate world I cannot advance up the ladder unless there is an opening available.  In network marketing my rank advances solely on my efforts and doesn’t depend on openings above me. In another perspective, I am a business owner and therefore already at the very top of my company and Nikken is just my supplier.

A friend also called my plans into question. Again, I have been talking about this for a few months and for some reason he responded like this was brand new news. This friend started talking about the security of having a job and having good benefits.  As everyone knows, a job no longer equals security. Companies have been cutting benefits regularly over the past few years to deal with rising health care costs and recently cutting people to deal with the economy. This has been a boon for network marketing recruiters because some of these people who have lost their job are now joining network marketing companies in the hopes of never having to go through unemployment again. There is much more security in having your own business and taking control of your own financial future. He did get one thing right though. A job is very low risk and with low risk you can expect low returns.

I have learned that if you have plans to outgrow your current position then you either need to keep them to yourself or only share them with people who you know will support and encourage you. Another good idea is to increase the amount of time you spend with people who are already where you want to go. With that in mind, I bought plane tickets and made hotel reservations to spend another three days with Loral Langemeier and her team in Chicago for the next Cash Machine Workshop. If you have aspirations to take control of your own future then I would love to see you there. I will be one of the guys wearing a black “staff” shirt. I paid for the first Cash Machine Workshop I went to and it was worth every penny.

Wayne Woodworth
Don’t let other people’s expectations for you hold you back.

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Wealthy People Like Network Marketing

May 14

Posted by Wayne Woodworth in Network Marketing | 1 Comment

Several people known for being wealthy have recently spoken out about Network  Marketing.

Bob Proctor (The Secret) says “it’s probably the most moral form of compensation I have ever seen.”

Robert Kiyosaki (Rich Dad Poor Dad) recommends Network Marketing because of the low startup costs and the opportunity to learn the important business skills to be wealthy.

Donald Trump (you know who he is) is apparently starting his own network marketing.  He says it allows people to “opt-out” of the current recession.

So, are you involved in network marketing?  Are you ready to build your own business to create time and money freedom for yourself?  Or are you content to slave away all day and take home the few pennies that the government doesn’t take at the end of the day.

If you are ready, I have three great opportunities for you.

First is Nikken.  If you are interested in wellness, your own and everyone else’s, then you owe it to yourself to take a look.

Second is an online greeting card company.  Do you send a lot of cards for birthdays, holidays, or just because?  You will like this one.

And the newest one I have learned about is a company that sells GOLD.  What a great way to deal with the current economy and your future wealth.  Make money by investing in gold and helping others invest in gold too.

What are you waiting for?  Get started on your future right now!

Wayne Woodworth
Internet Network Marketer
Building my Future Wealth

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Is Network Marketing Really a Pyramid Scheme?

May 11

Posted by Wayne Woodworth in Network Marketing | 1 Comment

Have you heard that network marketing is a pyramid scheme?  Yeah, I know, that idea has been around forever.  Did you know that people used to think the same thing about franchises?  Apparently enough people got over it because you are probably within a few minutes of a franchise restaurant now.  I think we are getting past that idea in network marketing too, but it does still linger with some people.  I had a customer recently criticize network marketing as a scam where a bunch of people get to sit around doing nothing and collect a check every month from the efforts of their downlines.  That does sound like a pyramid scheme and there might be some people who try to get by on that but I don’t think they last very long.

First of all, real pyramid schemes are illegal because members make money only by signing people up.  That’s it.  There’s no product or any other benefit to being a member.  The last people to sign up before the scheme collapses get screwed over.  That’s not network marketing.

A network marketing company provides a very clear purpose.  The one I am in, Nikken, offers wellness products.  My wife is with a company that offers custom greeting cards online for a fraction of the cost of a card from a card shop.  And for all those people above me who get a little bit of the money from my sales?  It works just like in the corporate sales world where district managers, regional managers, and VPs all get paid.  The people in my upline work their butts off providing training and support for their many downlines.  They put in a lot of effort and are always available.  The deserve to be compensated for that.

The great benefit of the network marketing plan for you just getting started is that you can advance in the organization as high as you want. In a traditional sales organization you have to wait for one of the people above you to leave the organization before you can advance.  That’s a pyramid.  Network marketing doesn’t have a pyramid structure.  When you join my team there is nothing to stop you from advancing beyond me.  There are at least two places in my upline where the sponsored consultant outranks their sponsor.  That won’t happen in a corporate structure and definitely not in a pyramid.

Wayne Woodworth
Internet Network Marketer
I may walk like an Egyptian but I can’t build a pyramid

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Your Home-Based Business Isn’t About Selling

May 5

Posted by Wayne Woodworth in Network Marketing | 2 Comments

Do you know what you’re really in business for? A home-based business isn’t about selling.

One of the reasons that network marketing businesses don’t grow very fast is because most people in network marketing don’t really know what their business is really about. Contrary to what they might think, they are not in business to sell a product. Nobody wants to buy a product.

The purpose of your business is to connect with people. Get to know your customers and find out what their concerns and needs are before you ever even mention what your product is. When your customers know that you care about them and have their best interests at heart then it is much easier to sell your product.

For example, when I got started with Nikken I didn’t try to sell anything to my parents. They travel often and stay in a nice 5th wheel camper and became concerned about the water quality at the campsites. That’s when I suggested that they try my company’s water filter. Now I’m addressing a need they have instead of just pushing a product. Waiting until my parents had a need has allowed me to sell not just one, but three, of our water filters because now my brother and my grandmother have bought units based on their experience with my parent’s unit.

It is best to be patient, get to know your customers and have a genuine interest in them. Eventually they will have a need for what you are selling.

Wayne Woodworth
Patient Network Marketer

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